Ramaswami: The fact that India has been witnessing growing wealth inequality, in the sense, say, of the share of the top one per cent in total wealth, is quite indubitable, as is the fact of its having a higher level of wealth inequality today than most other countries belonging to the group of advanced and “newly emerging” countries. In fact in this group of advanced and “newly emerging” countries, India has among the most unequal distributions of wealth; only Putin’s Russia and Bolsonaro’s Brazil have a higher share of wealth being owned by the top one per cent of the population in 2019 than India. According to the Global Wealth Report of Credit Suisse for 2019, the share of the top one per cent in total wealth in India (45 per cent) was higher than in Japan (18 per cent), Italy (22 per cent), France (22 per cent), the United Kingdom (29 per cent), China (30 per cent), Germany (30 per cent) and the US (35 per cent).